Consolidation: Chevron buys Noble Energy
The California energy major on Monday said it will purchase the Houston independent oil and gas producer in an all-stock deal valued at $5 billion, or $10.38 per share. The total value of the transaction, expected to close later this year, is $13 billion including debt.
“Our strong balance sheet and financial discipline gives us the flexibility to be a buyer of quality assets during these challenging times,” Chevron CEO Michael Wirth said in a statement. “This is a cost-effective opportunity for Chevron to acquire additional proved reserves and resources. Noble Energy’s multi-asset, high-quality portfolio will enhance geographic diversity, increase capital flexibility, and improve our ability to generate strong cash flow.”
-----
Expect more news of M&A as remaining less-capitalized O&G players evaluate options between takeovers, fire-sales and Chapter 11.
Views: 364
Replies to This Discussion
-
Permalink Reply by Doctor Joe on -
Noble was a great company to work for in the 1990s. It had a great president and executive staff and was family friendly while headquartered in Ardmore, OK. Things changed when it move to Houston in 2000 but by then I was working for the JV that operated the company's assets in Equatorial Guinea.
-
Permalink Reply by Skip Peel - Mineral Consultant on
-
Maybe a good acquisition for Chevron but not one of the Zombies that needed to disappear through acquisitions. I expect the acquisition train is just pulling out of the station. More to come.
-
Permalink Reply by Richard David Otley on
-
Noble might have been great, but Stover and his syncophants were not
Support GoHaynesvilleShale.com
Top Content
Blog Posts
History of GoHaynesvilleShale
The History of GoHaynesvilleShale.com
GoHaynesvilleShale.com (GHS) was launched in 2008 during a pivotal moment in the energy industry, when the Haynesville Shale formation—a massive natural gas reserve lying beneath parts of northwest Louisiana, east Texas, and southwest Arkansas—was beginning to attract national attention. The website was the brainchild of Keith Mauck, a landowner and entrepreneur who recognized a pressing need: landowners in the region had little access to…
ContinuePosted by Keith Mauck (Site Publisher) on May 21, 2025 at 6:00
Not a member? Get our email.
Groups
-
Bienville Parish, LA
246 members
-
North Caddo Parish
359 members
-
Cass County, TX
121 members
-
Nacogdoches County
193 members
-
Claiborne Parish
146 members
-
Natchitoches Parish
400 members
-
Rapides Parish
101 members
-
Fayetteville Shale
150 members
-
Harrison County
166 members
-
Franklin County, Texas
9 members
© 2025 Created by Keith Mauck (Site Publisher).
Powered by
